A green title offering wedged in a well-supported local community retail strip.

Ripe Opportunity to Retain, Renovate or Redevelop. 2 Shops - 1 Title

A green title offering wedged in a well-supported local community retail strip.

• Do you bank the landholding for future capital growth - while enjoying the above average income return?
• Do you modernise the commercial viability and get a lift in return from your capital outlay?
• Do you redevelop the whole building into a commercial space for your own business dream to flourish?
• Maybe explore the R60 dual zoning /Centre C4

Note any redevelopment proposal would be subject to council approval from the City of Melville based on Local Planning Scheme No 6.

Zoning R60/Centre C4 - Extract Available on Request.

Positioned in an easily accessible vibrant retail strip with huge passing traffic as one of the major entry points in this riverside affluent suburb.

Acquiring a green titled property in this well supported iconic Attadale location makes it a smart investment whether you're a seasoned experienced property holder and developer or if you're an astute investor looking for a safe landholding that will stand the test of time.

Having 2 separate shops on the one title allows the flexibility to occupy one and lease out the other to support the financial commitment.

This property has been in the same family for over 60 years and its now ready for a revitalisation that will support generations to come.

Summary of Key Points
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• Landholding 552sqm - includes approx 226sqm carparking /common access
• Rear access via public service road.
• Total footprint floor area approximately 326sqm - includes 2 shops
• Shop 2 has an upstairs residence of approx. 107sqm - requires refurbishment
• Shop 1 recently operating as Real Estate Office - lease expiring 31 Oct 2025
• Shop 2 currently operating Café/food outlet - lease expiring 30 June 2026
• Total Net Income circa $84,000 PA - While Shop 1 lease in place till 31 Oct 25

The location speaks for itself; your imagination is what is required to take advantage of the capability and opportunity.

Make your move on this brilliant opportunity and be a part of the future landscape of this iconic local centre strip.

For more details direct your enquiries to
Torrin Minutillo - 0417 171 164
or email me from this page.